As seen in the Source link, written by realestate.com.au on 2019-11-07 12:20:00

Sydney property prices are predicted to make a full recovery by April 2020. Picture: John Appleyard

There’s good news for Sydney homeowners, with predictions that record property prices could be in sight ‘within six months’.

Tim Lawless, head of research at property analysts CoreLogic, said that if the current pace of price growth continues, record new house values could be seen in the harbour city by next April.

“Sydney’s housing market is on track to post a recovery within six months,” Mr Lawless commented in a new report. “Housing values are trending higher rapidly, up five per cent over the past three months.”

CoreLogic head of research Tim Lawless.

While the recovery trend in place over the last three months looks increasingly entrenched, Sydney prices are still down by -10.4 per cent from the last peak in the market, set in July 2017. But that has improved from the -14.9 per cent fall from peak to trough.

The news comes as Sydney prepares for a series of ‘super Saturdays’ as the spring property selling season reaches its climax.